Carbon Pulse

A daily summary of our news plus bite-sized updates from around the world.

None of the world's largest 26 banks disclosed the share of total finance directed towards climate solutions in the last year, according to analysis from a research initiative, with most of them yet to commit to wean off financing new coal assets.

Most G20 members still have insufficient policies on nature-related corporate impact, according to new research by disclosure organisation CDP, with the body outlining 10 high-level principles policymakers should adopt to close the current gap.

The shipping of CO2 is poised for significant growth by 2030 as the global carbon capture, utilisation, and storage (CCUS) market expands, according to analysts.

French industrial minerals group Imerys is demanding the European Commission pay €40 million in damages caused by what it says is an incorrect interpretation of post-2022 ETS free allocation rules.

Standard body The Carbon Trust is ditching its carbon neutral label for products and replacing it with marks that focus on emissions reductions and comparisons of carbon footprints.

The price of some standardised nature-based voluntary carbon contracts increased last week as volume started to return to the market following a period of low liquidity, but the market struggled to find a clear direction, with many products moving sideways.

A group of project developers have challenged academics' claims that cookstove projects are being over-credited, in an open letter published on Monday, mirroring public debates around voluntary REDD+ credits.

Kenya’s President has called for African countries to join a new partnership that aims to boost renewable energy development across the continent by mobilising finance, providing technical assistance and capacity building, and engaging the private sector.

A study from the University of Leeds found that forests in South America, including the Amazon rainforest, stopped storing carbon and began releasing it during the 2015-16 El Nino event, the findings published in scientific magazine Nature showed on Monday.

The UK should link its ETS with that of the EU and implement an equivalent EU-style carbon border adjustment mechanism (CBAM) in order to prevent any negative impacts on Northern Ireland trade as the EU CBAM enters into force on Oct. 1 and companies look to circumvent the impact of paying higher customs tariffs on carbon-intensive goods, according to a study published on Monday.

A Seoul-based forest-focused intergovernmental organisation will receive funds of nearly $100 million from a Dutch cooperative bank to promote carbon offset initiatives in Asia. 

Hundreds of millions of dollars were pledged to support Africa’s voluntary carbon market on Monday, the first day of the inaugural African Climate Summit in Nairobi that hopes to kick start a flood of climate change investment into the continent.

A Nairobi-based blockchain carbon credit platform has launched with a futures transaction of more than two million credits sourced from one of its founding partners.

A global panel of scientists and experts on Monday sounded a planet-wide alarm over the staggering economic and environmental cost of invasive species in a report that has been approved by 143 governments.

European carbon prices fell to their lowest in three weeks after finally breaching a key technical support as traders began to react to the resumption of larger auction volumes, while energy prices were weaker amid healthy gas stocks.

Climate change could undermine sustainable forest management efforts in Quebec's boreal forests, but promising strategies could mitigate the impacts of natural disturbances and help bolster resilience.

There remains some confusion over Singapore’s plans to allow the trade of international carbon credits (ICCs) domestically to use against local businesses' carbon tax compliance, according to a note issued by a lawfirm Monday.

The federal government of Malaysia is considering a carbon tax to reduce greenhouse gas emissions, a state official said according to local media.

Integrity Global Partners (IGP) has formed strategic partnerships with project developer Energy Changes and trading firm Gaia Environment to finance restoration and conservation projects, with a primary focus on Africa, it announced Monday.